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Beijing [China], April 28 (ANI): China has not yet completely escaped the recession brought about by its zero-Covid policy. To prevent the economy from stalling again, President Xi Jinping must steadily implement policies that do not rattle consumers and businesses, Asia Nikkei reported. China’s gross domestic product for the January-March period of 2023 grew 4.5 […]
Sri Lanka can be put on the path to prosperity if the debt can be made sustainable by implementing the IMF-supported program properly, the Director of Asia & Pacific Department of the IMF Krishna Srinivasan says.The post Sri Lanka can be on path to prosperity if debt sustainability achieved – IMF appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Sri Lanka expects to host 1.55 million visitors and earn 2.7 billion Sri Lankan rupees ($8.4 million) in much-needed tourism revenue this year, as it maps a road to the recovery of its tourism sector amid its worst economic crisis in decades.The post Sri Lanka expects cash infusion from 1.5 million tourists in 2023 for crisis-hit economy appeared first on Sri Lanka Breaking News and Top Headlines ...
Australia’s Defence Force is set to forge closer military ties with Sri Lanka and other countries in the north-east Indian Ocean, as the federal government weighs human rights concerns against urgent regional security fears. Following the new Defence Strategic Review, published in abridged declassified form last week, the government is preparing to expand the longstanding […]
By Rathindra Kuruwita Hospitals in Sri Lanka’s urban centres, too, will struggle to deliver healthcare as a large number of healthcare workers, from doctors to nurses, are leaving the country, says Education Secretary of the Frontline Socialist Party (FSP) Pubudu Jayagoda. Addressing the media, in Colombo, Jagoda said the dramatic increase in the PAYE tax, […]
By Kamal Bogoda More than 350 doctors had left the country for foreign jobs during the past nine months without obtaining leave, Dr. Priyantha Atapattu, Director of Tertiary Care Services told The Island yesterday. “352 doctors have left without informing us. We have issued the vacation of post notices and sent them to those doctors […]
Sri Lankan cricketer Danushka Gunathilaka will push NSW’s public prosecutor to pay legal costs after being made to wait another two weeks to submit a plea for rape charges.The post Sexual assault trial against Danushka Gunathilaka hit by delay appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Sri Lankan cricketer Danushka Gunathilaka will push NSW’s public prosecutor to pay legal costs after being made to wait another two weeks to submit a plea for rape charges. The 32-year-old is facing four counts of sexual intercourse without consent while in Sydney for the T20 World Cup. After matching on Tinder, meeting up for […]
Adventure tourism is playing a key role in helping Sri Lanka rebuild its economy after a turbulent few years for the South Asian nation.The post Sri Lanka looks to adventure travel to attract ‘quality’ tourists and help rebuild economy appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
Thursday 4th May, 2023 Government politicians, save perhaps a few, and their backers are still cock-a-hoop over the IMF bailout which they naively think is a kind of economic panacea. They went so far as to paint the town red when the IMF approved the much-awaited extended fund facility, in March, lighting as they did […]
By Rathindra Kuruwita Sri Lanka had not taken a final decision on domestic debt restructuring, Cabinet spokesperson Bandula Gunawardena said on Wednesday. Addressing the media in Colombo, he said that the government was discussing with economists and other stakeholders ways and means of restructuring the domestic debt. Gunawardena said Sri Lanka had not even finalised […]
Sri Lanka's apparel export earnings could slump by $1 billion this year, a top industry expert said on Wednesday, as slowing global demand hits the crisis-hit South Asian country.The post Sri Lanka apparel exports to drop by $1 billion in 2023, trade body says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
The Cabinet of Ministers has granted approval for the Ceylon Electricity Board (CEB) to adopt a new formula to calculate the feeding tariff for Renewable Energy projects to encourage more investments to the sector, Power and Energy Minister Kanchana Wijesekera said today (May 03).The post Cabinet approval granted for feeding tariff formula for Renewable Energy projects appeared first on Sri Lanka ...
Foreign Minister Ali Sabry met with the President of Asian Development Bank (ADB), Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of the ADB.The post Sri Lanka seeks Asian Development Bank support in digitalization, agriculture appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
[…]The post Restructuring The Economy: A Stock Take appeared first on Colombo Telegraph.
#8203;Foreign Affairs Minister Ali Sabry has held a cordial discussion with India s Finance Minister Nirmala Sitharaman today (May 03).
Factum Sri Lanka, an Asia-Pacific focused think-tank on foreign policy, in partnership with The Bangladesh Institute of Peace and Security Studies (BIPSS) and The Baani Centre for International Policy, Maldives, held a Trilateral Dialogue on Maritime Cooperation in the Indian Ocean in Colombo on April 30, 2023. The Dialogue was held in the backdrop of […]
Retired Admiral of the Fleet Wasantha Karannagoda has, in a letter to US Ambassador Julie Chung, challenged the legality of the US decision to blacklist him in violation of the principle of natural justice. Referring to media disclosure that Foreign Affairs Minister Ali Sabry, PC, had been informed of the blacklisting ahead of the US […]
Wednesday 3rd May, 2023 China has manoeuvred astutely to overshadow the IMF in Sri Lanka. It is never tired of waiting until the time is opportune for action. When Sri Lanka was left with no alternative but to go cap in hand to the IMF, last year, many thought that the western bloc and India […]
Inspector Nishantha Silva, who investigated disappearances blamed on the Navy, fled the country in late Nov. 2019. The CID officer secured political asylum in Switzerland with the blessings of the Switzerland embassy in Colombo. The failed bid by Swiss embassy employee, Garnier Francis (ex- Siriyalatha Perera) to leave for Switzerland after implicating security authorities with […]
[…]The post Sri Lanka’s Dilemma: Individual Liberties Or Economic Development – A Response appeared first on Colombo Telegraph.
The Asian Development Bank pledged to continue engagement with Sri Lanka with renewed vigour in a variety of areas. Foreign Minister Ali Sabry met with the President of Asian Development Bank, Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual Meeting of the ADB. The Minister expressed Sri Lanka’s gratitude for the excellent […]
Dialog, Axiata Group and Bharti Airtel Limited have entered into a binding term sheet to combine operations of Bharti Airtel Lanka (Private) Limited, Airtel’s wholly-owned subsidiary with Dialog, a subsidiary of Axiata Group Berhad. The proposed transaction envisages Airtel being granted a stake in Dialog, representing the fair value of Airtel Lanka. Airtel would accordingly […]
Minister of Foreign Affairs Ali Sabry has spoken on Sri Lanka s debt restructuring process, stating that encouraging signs have been seen thus far, although Sri Lanka is not completely out of the woods .
Sri Lanka says triangular cooperation can be a major catalyst to help countries of the global south leapfrog in their development journey and adapt solutions to address climate, health, energy, food security and other challenges. The Permanent Representative of Sri Lanka to the United Nations in New York, Mohan Pieris, was appointed by acclamation to […]
Chief of Air Staff, Air Chief Marshal V R Chaudhari on Tuesday met Sri Lanka s top military leaders and exchanged views on several matters of bilateral importance, while recalling the longstanding friendship between the two countries, amid China s growing influence in the island nation.
Eight Sri Lankans were among the crew released by the Federal High Court of Nigeria in Port Harcourt on April 28, 2023, along with the vessel M/T Heroic Idun, which was under detention over disputed oil smuggling allegations, since August 2022 in Nigeria and the Equatorial Guinea, the Foreign Ministry said today. The out-of-court settlement […]
Feelo, a Sri Lankan startup company that offers unique experiential packages, has announced its first investor partnership just four months into business. The company’s first investor, Ales Ryp, is a Czech entrepreneur and venture capitalist known for his work with Czech-based online experience platform, Slevomat. The partnership marks a significant milestone for Feelo, demonstrating investor [...
Sri Lanka President Ranil Wickremesinghe addressed the United National Party (UNP) May Day celebrations held at the Sugathadasa Indoor Stadium in Colombo yesterday (May 01) through video technology.The post Sri Lanka President says Let 2048 be the year of development for Sri Lanka appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.
A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub.The post Chinese state-owned firm to build major Sri Lanka port complex appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.